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Karsten Rendemann

๐Ÿ‘ค Speaker
152 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

50,000 or 50%.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

50,000 USD per month.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

And it's growing at a 100% rate.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

And we have slightly slighter.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Slightly lower, but about half, a little more than half as much in liquidity surplus.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

We still have to pay off some loans and stuff.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

We have 300,000 USD cash.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

I actually struggled in the beginning to transfer the loans into more longer term loans that sort of reflects the lifespan of the software.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

So we're very happy that we have five-year commitments on the loans, which we believe match the write-offs.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Annual churn is 4%, and that is stable.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

So it's been there since we launched.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Yeah, that is total.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

So on average, we lose about four clients a month out of 1,500.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Yes, on average, our existing clients buy for 40% more year two than year one.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

And we are launching new products continuously that keep them motivated to buy more.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Our cost of acquisition is 500 bucks.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Yep.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

Yes.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

If we calculate it, it's half a year.

SaaS Interviews with CEOs, Startups, Founders
CookieInformation Hits $2m Bootstrapped For Easy GDPR Copmliance

But since most of the clients pay up front for a year, it's more than profit neutral the first month.